Gold Prices Climb Higher on Karwa Chauth: Rates Rise for Fifth Straight Day Across Major Cities
As India celebrates Karwa Chauth on October 10, 2025, gold prices have once again moved upward, marking the fifth consecutive day of gains in both domestic and international markets. The consistent rise in gold rates is being fueled by festive demand, global economic uncertainties, and expectations of interest rate cuts by the US Federal Reserve.
According to the latest market data, the price of 24-carat gold in Delhi has surged to ₹1,24,310 per 10 grams, while 22-carat gold is trading at ₹1,13,960 per 10 grams. The festive season has boosted demand across major Indian cities including Mumbai, Chennai, Kolkata, Jaipur, and Lucknow.
Festive Season Sparks Strong Demand
With Karwa Chauth, Dhanteras, and Diwali approaching, gold demand traditionally sees a significant spike as consumers flock to jewelry stores for festive and investment purchases. Jewelers across India have reported a rise in footfall and pre-bookings for gold ornaments, coins, and bars. Experts believe that this seasonal surge in buying sentiment is likely to keep gold prices elevated in the coming weeks.
Market analysts also predict a potential sharp rise in gold rates by Diwali, as Indian consumers continue their festive gold purchases amidst global uncertainty.
Global Factors Influencing Gold Prices
The rally in gold prices isn’t limited to India. International markets have also seen an uptrend in precious metal prices due to a combination of macroeconomic factors. Among them, concerns over a possible US government shutdown and expectations of interest rate cuts by the Federal Reserve have driven investors toward safer assets like gold.
Additionally, the weakness of the US dollar, rising inflationary pressures, and large-scale gold buying by central banks worldwide have collectively contributed to gold’s upward movement. During times of global instability, investors often turn to gold as a hedge against market volatility and currency depreciation, which further boosts its value.
City-Wise Gold Rates in India (as of October 10, 2025)
Here’s how 22-carat and 24-carat gold prices stand across major Indian cities today:
| City | 22-Carat Gold (₹/10g) | 24-Carat Gold (₹/10g) |
|---|---|---|
| Delhi | 1,13,960 | 1,24,310 |
| Mumbai | 1,13,810 | 1,24,160 |
| Chennai | 1,13,810 | 1,24,160 |
| Kolkata | 1,13,810 | 1,24,160 |
| Jaipur | 1,13,960 | 1,24,310 |
| Lucknow | 1,13,960 | 1,24,310 |
| Chandigarh | 1,13,960 | 1,24,310 |
| Ahmedabad | 1,13,860 | 1,24,210 |
| Bhopal | 1,13,860 | 1,24,210 |
| Hyderabad | 1,13,810 | 1,24,160 |
The data clearly shows that gold prices remain relatively stable across most cities, with only minor regional variations due to local taxes, transportation costs, and market demand.
Comparison with Silver Prices
Alongside gold, silver prices have also climbed sharply. On October 10, the price of silver rose to ₹1,67,100 per kilogram, showing a remarkable upward trend in recent weeks. Interestingly, silver prices have grown faster than gold in percentage terms — up by 19.4% in September, compared to gold’s 13% rise during the same period.
This trend highlights growing investor interest in precious metals as a safeguard against inflation and as a means of portfolio diversification.
Expert Outlook
Market experts believe that the bullish momentum in gold could persist in the near term. The combination of festive buying, economic uncertainty, and expectations of monetary easing in global markets is likely to keep gold prices on an upward trajectory. However, analysts caution that investors should remain mindful of short-term volatility linked to currency fluctuations and global political developments.
For those planning to buy gold ahead of Diwali, experts recommend monitoring daily price updates and purchasing in small quantities to take advantage of potential dips. Gold remains a preferred choice not only for traditional and cultural reasons but also as a reliable investment asset in times of global economic instability.
Conclusion
On Karwa Chauth, gold continues to shine brighter — both as a symbol of prosperity and as a powerful financial safeguard. With prices touching ₹1.24 lakh per 10 grams and showing no signs of slowing down, the festive season has turned into a golden opportunity for both jewelers and investors alike. As global and domestic factors align, all eyes are now set on how gold will perform as Dhanteras and Diwali draw near.
